Mozambique: Development Strategy does not present ambitious vision – FMO
Swiss watchdog in contact with Credit Suisse over Mozambique debt
1:34 CAT | 07 Jun 2016
Reuters / The logo of Swiss bank Credit Suisse is seen below the Swiss national flag at a building in the Federal Square in Bern, Switzerland, May 15, 2014.
Swiss financial watchdog FINMA is in touch with lender Credit Suisse over its role in Mozambique loans, a FINMA spokesman said.
“We are aware of the issue and are in contact with the bank over this matter,” he said, declining further comment. Credit Suisse declined comment.
Mozambique owned up in April to as much as $1.35 billion of undeclared sovereign borrowing that may have tipped it into an unsustainable debt trap.
Source: Reuters
Leave a Reply
Be the First to Comment!
You must be logged in to post a comment.
You must be logged in to post a comment.